Board of Directors

As the ultimate management body of the Association, the Board of Directors is empowered to carry out any necessary or useful actions for the achievement of the association's purpose, the exception being the powers reserved by law to the General Meeting of Members. As a general principle, each effective member, other than natural persons, is represented in the Board of Directors. In addition, the bylaws allow the possibility of additional 'independent directors', of which the number is limited to maximum 1/3rd of the total number of directors.

Management

The Chief Executive Officer is responsible for the implementation of the association's policy and strategy laid down by the Board of Directors. Consequently, he is given the most extensive powers regarding the day-to-day management.